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VIP Deposits — Premium Reward

  1. Deposit Bonus: After clients makes deposit and complete required lots, up to 18% deposit bonus would be rewarded. The bonus rewarded will be based on the actual deposit amount received in the client’s MT4 account. To turn Bonus to Cash, the correspondent trading volumes are required as below.

    Deposit Amount$5,000-9,999$10,000-19,999$20,000-29,999$30,000-50,000Bonus Rewarded10%12%15%18%Required Lots of Bonus (%)15%17%20%23%
    Example 1
    Deposit Amount: $6,000
    Bonus Rewarded: 10%
    Required lots of Bonus: 15%

    Calculation:
    Bonus: $6,000*10% = $600
    Required traded volume: $600*15%=90 lots
    Once 90 lots are completed, $600 Cash will be rewarded.

    Example 2
    Deposit Amount: $40,000
    Bonus Rewarded: 18%
    Required lots of Bonus: 23%

    Calculation:
    Bonus: $40,000*18% = $7,200
    Required traded volume: $7,200*23%=1,656 lots
    Once 1,656 lots are completed, $7,200 Cash will be rewarded.
  2. Bonus Rewarded Time: The bonus rewarded won’t be displayed in the MT4 account right away after the client make deposits. Instead, the bonus will be rewarded all at once after 60-calendar-day is due, client has to apply for the bonus and the system conducts calculation and the requirements of bonus are confirmed.
  3. Trading Lot Requirement Calculation Period: The volume of closed trades within 60 calendar days starting from the deposit date.
  4. Promotion Period: The Bonus can only be claimed once every three months, and be claimed on one of the deposits made with the three-month time.
  5. Orders that are not counted for bonus:
    1. Hedging orders (1 buy and 1 sell) will be considered as 1 order only, not 2 orders.
    2. An order will not be counted if it was opened and closed within 10 minutes.
  6. The maximum bonus amount that can be granted is $9000.
  7. At the time you make a deposit for obtaining the bonus, if there are subsequent deposits made after this deposit or there is balance in the account already, the valid traded volume for obtaining the bonus shall be calculated on the pro-rated basis in accordance with the equity or deposit amount in the account.

    Valid traded volumes=total traded volumes*(the deposit to claim bonus on)/Total deposits

    Example
    Deposit Amount: $60,000
    Total traded volumes: 2,500 lots

    Calculation:
    Bonus: $50,000*18% = $9,000 (Since the funded amount is higher than the maximum eligible deposit of this campaign, the bonus received will be based on $50,000 instead of $60,0000.)
    Required Traded volumes: 9,000*23%=2,070 lots.
    Valid traded volumes: 2,500*50,000/60,000=2083.33 lots (The valid traded volumes 2083.33 lots are higher than the required traded volumes of 2070 lots, so the client is eligible for the bonus.)
  8. The Bonus would be disqualified if:
    1. the account net deposit drops below the original initial deposit used for the bonus promotion.
    2. in the duration of the bonus calculation, if the account equity falls below $50 USD.
    3. fraud is involved.
    4. the bonus was not claimed by the client within a month after reaching the requirement.
  9. This bonus promotion is limited to Forex trading only, not applied to CFD trades.
  10. This promotion is only available for VIP account, not applied to ECN, MAM or PAMM accounts.
  11. This promotion is not valid for intra-account transfer.
  12. This promotion cannot be used in conjunction with other promotion(s) of MagKing.
  13. MagKing reserves the right of final interpretation for the Bonus in this promotion.
  14. MagKing reserves the right to change or cancel this offer at its sole discretion.
  15. MagKing reserves the right to update or modify these terms and conditions at any time without prior notice.

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